in Mobile Gaming

Glu Mobile: We close our Long position

We are closing our Trading Idea: Long Glu Mobile ahead of Q4, which we initiated on January 23rd.  Since then the share has increased from USD 2.87 to USD 4.40 today, an increase of 53%.

While we do not exclude that the Glu Mobile share has more to give, we are quite happy with the recent performance and decide to take profits. In the mobile gaming space we do prefer our top-pick G5 Entertainment which, unlike Glu Mobile, is already highly profitable and trading at a bargain valuation, including a 12 months forward PE-ratio of 14x.

Nordic Investor

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